Trump Threatens to Fire Powell if He Stays on Fed Board After Chair Term Ends
President Donald Trump has intensified his confrontation with Federal Reserve Chair Jerome Powell by threatening to fire him if Powell does not also leave the Fed’s Board of Governors when his term as chair ends on May 15, 2026. Trump made the threat in a Fox Business interview, saying he had “held back” from firing […]
Middle East Conflict Darkens IMF Forecast as Rising Oil Prices Raise Risk of a Global Downturn
The International Monetary Fund has lowered its global growth outlook and warned that the world economy is already drifting toward a more dangerous path as the war tied to Iran continues to disrupt energy markets. In a report, the IMF presented three scenarios for the global economy, all shaped by how long the conflict lasts […]
BlackRock Turns Bullish on U.S. Stocks as Strong Earnings Offset Middle East Risks
BlackRock has upgraded U.S. equities to “overweight,” joining other major Wall Street firms in arguing that strong corporate earnings can help cushion the market against the economic fallout from the Middle East conflict. The BlackRock Investment Institute raised its view on U.S. stocks from “neutral,” citing resilient profit expectations and what it sees as limited […]
Lawmakers Force New Vote on Limiting Trump’s Iran Military Action Amid Ceasefire Uncertainty
The U.S. Senate was set to vote on a resolution aimed at limiting President Donald Trump’s authority to continue military action against Iran without congressional approval, reflecting growing alarm in Washington over how far the conflict could go and who has the constitutional power to decide. Senate Democratic Leader Chuck Schumer said Congress needed to […]
DHS Warns It Could Halt International Traveler Processing at Airports in Sanctuary Cities
The Trump administration is considering a move that could severely disrupt international air travel in some of the country’s biggest metropolitan areas: stopping customs processing for international travelers at airports located in so-called sanctuary cities. Homeland Security Secretary Markwayne Mullin said the idea is under consideration as part of the administration’s response to cities and […]
Europe, Asia and Gulf Partners Reassess U.S. Ties as Trump’s Foreign Policy Turns More Erratic
Many of America’s traditional allies are entering a period of deep strategic anxiety: they are increasingly frustrated by what they see as erratic U.S. behavior under President Donald Trump, yet they also feel they have few realistic alternatives to American power. Friendly governments in Europe, Asia and the Middle East are being pushed into an […]
Trump-backed Republican Won Georgia’s Runoff But Democratic Support Continues Rising
Republican Clay Fuller won the special runoff election in Georgia’s 14th Congressional District on April 7, 2026, securing a U.S. House seat in one of the country’s most conservative districts. But while the result gave Republicans an expected victory, the margin also suggested that President Donald Trump’s political influence may not be as overwhelming as […]
Trump Escalates Pressure on Iran, Warning of New Infrastructure Attacks Over Blocked Shipping Route
President Donald Trump sharply escalated his rhetoric toward Iran on April 5, threatening to target key pieces of the country’s infrastructure if Tehran does not reopen the Strait of Hormuz, one of the world’s most important oil-shipping routes. In a Truth Social post published on Easter Sunday, Trump warned that Tuesday would be “Power Plant […]
White House Acts to Cover DHS Paychecks While Congress Remains Stuck on Funding Deal
President Donald Trump said he would soon sign an emergency order to pay Department of Homeland Security employees who have been working without pay since the partial DHS shutdown began in mid-February. The move is designed to address one of the most visible and politically damaging effects of the prolonged funding standoff, which has left […]
U.S. Trade Deficit Widens as February Import Rebound Outpaces Record Exports
The U.S. trade deficit widened in February as a rebound in imports more than offset a surge in exports that reached record highs, adding to concerns that trade could weigh on economic growth in the first quarter of 2026. The overall trade gap increased 4.9% to $57.3 billion, compared with a revised $54.7 billion in […]
